national budget Flashcards

(11 cards)

1
Q

What is the national budget?

A

How the government allocates its revenue to national, local and provincial governments for spending on services.

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2
Q

What are the main allocations of the national budget for the national government?

A
  1. South African police service (enforce laws)
  2. Law courts (laws are followed)
  3. Universities (support research)
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3
Q

What are the main allocations of the national budget for provinces?

A
  1. Schools (make sure they have resources and staff)
  2. Hospitals (equipment and staff)
  3. Social services (support children, elderly and disabled)
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4
Q

What are the main allocations of the national budget for local municipalities?

A
  1. Water (clean and safe water)
  2. Housing (local facilities)
  3. Waste removal
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5
Q

What is a social grant?

A

An amount of money the government gives to the poor/old people.

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6
Q

Who decides how much money goes into the national budget?

A

Minister of finance - Enoch Godongwana.

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7
Q

What is a direct tax?

A

Tax paid directly to the government.

Examples include income tax and business tax.

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8
Q

What is an indirect tax?

A

Taxes paid indirectly to the government.

Examples include VAT, sin tax (excise duty), customs duty, import tax, municipal tax, fuel tax, and transport tax.

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9
Q

How does the government spend its money?

A
  1. Pay debt
  2. Provincial government
  3. Emergency fund (Local government)
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10
Q

Why are government expenditure and the national budget important?

A
  1. National government
  2. Spending on education
  3. People gain skills
  4. People start businesses
  5. Businesses create jobs
  6. Employed people pay taxes
  7. Government collects taxes
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11
Q

What is the influence of the national budget?

A
  1. Social grants
  2. Free education for the poor
  3. Free primary healthcare for the poor
  4. Free water and electricity for the poor
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